Paga (MyPaga.com) is a platform that is designed to help you make payments and pay bills using your mobile phone. One of the most known money transfer service providers in Nigeria, My Paga was founded in April 2009 by Tayo Oviosu and Jay Alabraba. Less than 10 years since then, it has expanded on its services and has come to get a good footing in Nigeria.
While it is very easy to open and operate, the platform is among the best alternatives to carrying cash around. Interestingly enough, having an account is absolutely free and it does not have minimum requirements. Here is all to know about the platform:
How to register Paga
Among different things, to register for a Mypaga is very easy. You can do that by following the steps below:
- Go to Paga.com
- At the top right side of the page click on Get Started.
- Fill the form available including the Paga account and phone number of anyone who referred you. If you are referred by no one, you can select No to the question: Did someone refer you to paga and continue.
- Select your security image and put in a security phrase. Then click Next
- Agree to the terms and then click on Register.
- Next, you will need to verify your account by selecting to verify and a message will be sent to your phone. Input the digits received and you are good to go.
Services Provided by MyPaga.Com
There are many services that you can pay making use of the platform including the underlisted:
- Bill Payments: Some bills that you can pay include DSTV Bills, ConSat, GOtv, StarTime and you can make subscriptions including Smile, Spectranet, and Swift. In addition to that, you can also pay for UK Visa and make WAEC payments among other things.
- Make Money Transfer: Instead of visiting a bank to make a money transfer, you can use Paga to make your money transfers easily. What is more is that you can also use it to request for payments from others.
- Airtime Purchase: Across all networks, you can also by airtime and data from your phone without needing a scratch card.
- Purchases: Another thing that the platform allows you to do is to make purchases online.
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How can I fund my Paga account?
There are many options available for someone who wants to fund his account:
- Automated deposit at partner banks: Visit any of the banks to request for the funding of your account- Access Bank, FCMB, First Bank, GTBank, Skye Bank, UBA, and Zenith Bank.
- Bank transfer (Instant): If you have a mobile app or through internet banking, you can fund your wallet by logging in and selecting “Paga” or “Pagatech” as beneficiary Bank, then putting in your account, amount number, your pin, and complete the process.
- NIBSS e-Bills Pay: Visit any bank and request to fund your Paga account through the NIBSS e-Bills Pay.
- Debit card: After logging into your account, select MyPaga under wallet and then click on add Card. Follow the processes and after inputting your password and saving your details, click on add cash. Follow the instructions next and you will be able to fund your wallet.
- GT Collections: This process is for someone who has a GTB account. Login to your GTB account through the mobile app or internet banking and then select Payments > More Payments > Infotechs & other services > Pagatech Limited > Paga Collections >you can now input your Paga account number and other details before selecting to continue and then confirm.
- GTBank 737: Another very easy method for GTB customers is to dial *737* 50*amount*145#, then enter your paga account number, confirm, enter your pin and then send.
- Paga Agents: by simply visiting an agent, you can also be able to fund your account.
Other facts you should know about Paga
- Founded in 2009, it was in 2011 that it acquired its mobile money license from the CBN making it the first to do so in the country.
- Paga began full commercial operation in Nigeria in 2012.
- In 2018. It was reported that the platform is working on an accelerated growth with an investment of $10 million which was led by the Global Innovation Fund. With that, Paga was said to have raised $35 million since it began.
- Working with Paga to make payments is very fast, taking less than 5 minutes to be through with any transaction.
- As at 2005, Paga had over 3,000,000 users, 3000 businesses, and 8500 agents spread across 35 states of the country.
Other similar services
Even though this remains the most popular online payment service in Nigeria, there are a few other similar services in Nigeria including Poketmoni. There are a number of others that have also started but were unable to make any significant impact on the market.
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On the global scene, you will find similar services such as Payoneer, Stripe, and Paypal. While all these services allow you to make payment in foreign currencies all over the world, only Payoneer is open to Nigerians. With Paypal, you can make payments as a Nigerian but you can’t accept payments.
